Skoda India to hike prices from January 1, 2019

Skoda India to hike prices from January 1, 2019

Skoda Auto has issued an official release stating a hike in prices of its entire range sold in India. The Czech automaker mentions that an upward price revision across its model range by up to 2 per cent will be done from January 1, 2019 onwards. This decision was taken after reviewing its input and freight costs on both domestic and import frontage, stated Skoda Auto.

There has been a surge in the cost of our inputs for production due to significant volatility in the global commodity prices and foreign exchange rates in recent times. Skoda Auto India has been absorbing these incremental costs all this while but is now considering a price increase of up to 2 per cent with effect from 01 January 2019 across its model range" commented, Zac Hollis, Director, Sales, Service, and Marketing, Skoda Auto India Pvt Ltd.The company's finance division hasintroduced the Buy Now and Pay in 2020 campaign which is a twelve month EMI holiday program for its customers who can also avail attractive schemes like 100% on-road financing, interest rates starting at 8.99%, special EMI packages, and benefits ranging from Rs 60,000 to Rs 1 lakh.

In other news, Skoda Auto has unveiled its new entrant in the international premium hatchback market with the Skoda Scala . The Scala is significantly larger in size than the Fabia and competes with larger hatchbacks like the Ford focus, VW Golf and the Honda Civic . But unlike the Golf, the Scala is based on the new MQB-A0 platform also found in the new gen Polo and VW T-Roc.

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Suzuki Motorcycle India crosses 40 lakh sales milestone

Suzuki Motorcycle India crosses 40 lakh sales milestone 

In more new which shows the massive scale of the Indian two-wheeler market, Suzuki Motorcycle India today announced that it has produced over 40 lakh motorcycles at its factory in Gurugram India. This milestone has been reached in 12 years, given that the company started operations in 2006. This is also an important step in reaching the motorcycle maker's target of selling over ten lakh bikes a year and doubling its market share by 2020.

The Japanese manufacturer currently sells 17 motorcycles in India which includes everything from commuters to big performance motorcycles. Its scooter line-up includes the Access 125/SE, the Burgman Street and the Let's. It also sells numerous variations of the Gixxer and Intruder motorcycles and well as the Hayate. Its big bike range consists of the V-Strom 650 XT, V-Strom 1000, the GSX-S750, the GSX-S1000, the GSX-R1000R and the Hayabusa. It also sells the off-road only RM and DR series of dirt bikes The company is present in India via 521 dealerships

Speaking of this achievement, Satoshi Uchida, Suzuki Motorcycle India's managing director said, "We are delighted to roll out the four millionth vehicle and are thankful to our customers who have shown immense trust in our products. This is a testimony of our commitment to India and we wish to achieve many such milestones in the future. With this landmark, we are a step closer to achieving our sales target of 7.5 lakh units by the end of the current financial year. We thank our valued customers, business partners, associates, and all my colleagues for this remarkable feat."

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